gaps in my cyber liability coverage…………….. Written by Heidi Lawson and Danny Harary What can companies and insurers expect in the new year when it comes to cyber liability insurance coverage? While we wait for some court decisions interpreting these new stand-alone cyber liability insurance policies that are being heavily pushed in the market, there… Continue Reading
Cyber Risks Boardroom Series
Subscribe to the Cyber Risks Boardroom Series RSS FeedCybersecurity Risks: Discussion for the Board Room (and for the General Counsel)
Posted in Cyber Risks Boardroom Series, CybersecurityThe issue of cyberliability risk is finally making its way to the board room. We have written about the importance of board education and board involvement in the assessment of cyber threats and liability risk (see our series here) and the Securities and Exchange Commission is looking carefully at public company disclosures of cybersecurity risks as… Continue Reading
“May I have your ZIP Code?” Retailers may want to read this….
Posted in Cyber Risks Boardroom Series, Insurance, Privacy LitigationWritten by Nancy Adams, CPCU There are only a handful of decisions addressing whether a commercial general liability (CGL) policy provides coverage for lawsuits brought against retailers allegedly collecting their customers’ ZIP code information. Thus, when a decision is issued in this area, particularly a decision denying coverage, it is noteworthy. Recently, in OneBeacon American… Continue Reading
Calling All Boards of Directors: Four Recommendations from the SEC
Posted in Cyber Risks Boardroom Series, Cybersecurity, Privacy RegulationWritten by Adam Veness SEC Commissioner Luis Aguilar recently spoke at the New York Stock Exchange Conference “Cyber Risks and the Boardroom.” In his speech, Commissioner Aguilar emphasized the importance of cybersecurity and how fast the need for cybersecurity has grown in such a short time period, pointing out that U.S. companies experienced a 42%… Continue Reading
Cyber Risks for the Boardroom Part 4: Coverage for Investigations
Posted in Cyber Risks Boardroom Series, Cybersecurity, InsurancePart 4 in our continuing series: “Cyber Risks – Director Liability and Potential Gaps in D&O Coverage”: Coverage For Investigations Written by Heidi Lawson and Danny Harary One of the biggest gaps in coverage in D&O coverage today is the lack of meaningful coverage for investigations. Although at first glance the policy language may look… Continue Reading
Cyber Risks for the Boardroom Part 3: Top Questions Directors Should be Asking about D&O Coverage
Posted in Cyber Risks Boardroom Series, Cybersecurity, InsuranceOur series “Cyber Risks – Director Liability and Potential Gaps in D&O Coverage” continues — Part 3 of 5: Top Questions Directors Should Be Asking About D&O Coverage Written by Heidi Lawson and Danny Harary Directors never want to be in the unenviable position of having to seek coverage under their D&O policy. Nevertheless the… Continue Reading
Cyber Risks for the Boardroom Part 2: Why Corporate Directors Should be Concerned About Data Security Breaches
Posted in Cyber Risks Boardroom Series, Cybersecurity, Data Breach, InsuranceAll this week, we are featuring a series “Cyber Risks – Director Liability and Potential Gaps in D&O Coverage” Part 2 of 5: Why Directors Should Be Concerned Written by Heidi Lawson and Danny Harary A data breach is not a unitary or self-contained event. The fallout from a breach could impact the directors as… Continue Reading
Cyber Risks for the Boardroom Part 1: The Recent Increase in Focus on Privacy Issues
Posted in Cyber Risks Boardroom Series, CybersecurityEach day this week, we are going to explore some of the issues in the rapidly growing area of cyberliability. We will examine the recent increase in focus on privacy issues, why directors should be concerned, the top questions directors should ask when it comes to coverage for cyber investigations, and what kind of cover… Continue Reading
